-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I’m glad you are covering this. It’s impossible for any voter in Illinois to view the voter rolls. A relative who moved to a new apartment received 7 absentee ballots one for any renter of that apartment who bothered to vote in the past. Illegal to mail them out based on voter rolls? No. Vote fraud to fill the out and throw them in a collection box? Absolutely, if it’s not your name. 81 million votes for the big guy but no fraud? C’mon man! Clean up the voter rolls!